Harrods says more than 250 claims are being settled against former owner Mohamed Al Fayed, pictured arriving at London's High Court in 2007. Getty Images
Harrods says more than 250 claims are being settled against former owner Mohamed Al Fayed, pictured arriving at London's High Court in 2007. Getty Images
Harrods says more than 250 claims are being settled against former owner Mohamed Al Fayed, pictured arriving at London's High Court in 2007. Getty Images
Harrods says more than 250 claims are being settled against former owner Mohamed Al Fayed, pictured arriving at London's High Court in 2007. Getty Images

Harrods settling 250 claims against Mohamed Al Fayed


Paul Carey
  • English
  • Arabic

Harrods says it is in the process of settling more than 250 claims for compensation over alleged sexual misconduct by former owner Mohamed Al Fayed.

The luxury department store in Knightsbridge, London, said it had “settled a number of claims with women” made against the Egyptian-born billionaire since last year.

It added that since a BBC documentary was broadcast last month, more than 250 individuals were “now in the Harrods process to settle claims directly with the business”.

Mr Al Fayed, who died in 2023 aged 94, bought Harrods for £615 million in 1985. In 2010, after 26 years in charge, he sold the department store to the Qatari royal family for a reported £1.5 billion.

Mohamed Al Fayed leaves the High Court in London in 2008, after giving evidence at the inquest into the death of his son, Dodi, and Diana, Princess of Wales. PA
Mohamed Al Fayed leaves the High Court in London in 2008, after giving evidence at the inquest into the death of his son, Dodi, and Diana, Princess of Wales. PA

The BBC’s Al Fayed: Predator At Harrods documentary reported the claims of five women who said they were raped by Mr Al Fayed, with a number of others alleging sexual misconduct.

On Tuesday, Bianca Gascoigne, a model and daughter of former England footballer Paul Gascoigne, claimed she was sexually assaulted by Mr Al Fayed. She alleged in an interview with Sky News that Mr Al Fayed would grope her and force her to kiss him during their weekly meetings after she began working at the store aged 16.

In a statement, Harrods said: “Since 2023, Harrods settled a number of claims with women who alleged historic sexual misconduct by Fayed. Since the airing of the documentary, so far there are over 250-plus individuals who are now in the Harrods’ process to settle claims directly with the business.”

Earlier this month, the group Justice For Harrods Survivors said the number of women “feeling safe to come forward” was “increasing on a daily basis”. The group has been approached for comment.

  • Harrods department store in Brompton Road, Knightsbridge, London. Ed Reeve
    Harrods department store in Brompton Road, Knightsbridge, London. Ed Reeve
  • One of the Green Man doormen at Harrods. Andrew Pickett
    One of the Green Man doormen at Harrods. Andrew Pickett
  • The Harrod's brand on a door to the department store. Julian Broad
    The Harrod's brand on a door to the department store. Julian Broad
  • Harrods' famous food halls. Photographer - Julian Broad
    Harrods' famous food halls. Photographer - Julian Broad
  • Pinky extended ... the Harrods Tea Rooms. Julian Broad
    Pinky extended ... the Harrods Tea Rooms. Julian Broad
  • The Harrods food halls. Julian Broad
    The Harrods food halls. Julian Broad
  • The Chocolate Hall at Harrods. Photo: Harrods
    The Chocolate Hall at Harrods. Photo: Harrods
  • A Harrods Green Man sees another customer out. Julian Broad
    A Harrods Green Man sees another customer out. Julian Broad
  • The remarkable architecture of London's most famous department store. Julian Broad
    The remarkable architecture of London's most famous department store. Julian Broad
  • Harrods by night. Adrien Dirand
    Harrods by night. Adrien Dirand

On Saturday, Scotland Yard said a “detailed and thorough” review of allegations against Mr Al Fayed was taking place, amid criticism of their actions in response to women who said they had been abused.

The Metropolitan Police asked prosecutors to decide whether to charge Mr Al Fayed in relation to two out of 21 women who made allegations, including of rape and sexual assault, between 2005 and 2023.

Evidence was shown to the Crown Prosecution Service (CPS) in 2009 and 2015, but it decided not to go ahead with either case because there was not “a realistic prospect of conviction”.

The Metropolitan Police sought “early investigative advice” from the CPS after 10 other allegations, but no further action was taken.

Mr Al Fayed was once among Britain's most high-profile businessmen, at one stage owning Fulham Football Club, as well as Harrods and the Paris Ritz.

He featured in Netflix drama The Crown, which portrayed him as a domineering figure in the life of his eldest son, Dodi, who he controlled with money. Dodi was involved in a relationship with Diana, Princess of Wales, when they died in a car crash in Paris in 1997.

The drama touched on Mr Al Fayed's upbringing in Egypt, charting his rise from a Coca-Cola seller on the streets of Alexandria to a charismatic businessman with interests across Europe and the Middle East, as well as an ostentatious social climber who revered the British royal family.

However, his efforts were never enough to become part of the inner circle, and he never received the British citizenship he sought.

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AiFlux – renewables, oil and gas

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Price, base: From Dh325,000 (estimate)

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UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

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Best Sporting Director: Andrea Berta (Atletico Madrid)

Best Women's Player:  Lucy Bronze

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Need to know

The flights: Flydubai flies from Dubai to Kilimanjaro airport via Dar es Salaam from Dh1,619 return including taxes. The trip takes 8 hours. 

The trek: Make sure that whatever tour company you select to climb Kilimanjaro, that it is a reputable one. The way to climb successfully would be with experienced guides and porters, from a company committed to quality, safety and an ethical approach to the mountain and its staff. Sonia Nazareth booked a VIP package through Safari Africa. The tour works out to $4,775 (Dh17,538) per person, based on a 4-person booking scheme, for 9 nights on the mountain (including one night before and after the trek at Arusha). The price includes all meals, a head guide, an assistant guide for every 2 trekkers, porters to carry the luggage, a cook and kitchen staff, a dining and mess tent, a sleeping tent set up for 2 persons, a chemical toilet and park entrance fees. The tiny ration of heated water provided for our bath in our makeshift private bathroom stall was the greatest luxury. A standard package, also based on a 4-person booking, works out to $3,050 (Dh11,202) per person.

When to go: You can climb Kili at any time of year, but the best months to ascend  are  January-February and September-October.  Also good are July and August, if you’re tolerant of the colder weather that winter brings.

Do not underestimate the importance of kit. Even if you’re travelling at a relatively pleasant time, be geared up for the cold and the rain.

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UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

UAE squad

Humaira Tasneem (c), Chamani Senevirathne (vc), Subha Srinivasan, NIsha Ali, Udeni Kuruppuarachchi, Chaya Mughal, Roopa Nagraj, Esha Oza, Ishani Senevirathne, Heena Hotchandani, Keveesha Kumari, Judith Cleetus, Chavi Bhatt, Namita D’Souza.

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World Cricket League Division 2

In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

UAE fixtures

Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Infobox

Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

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Updated: October 22, 2024, 7:56 AM